Builder Offers 3.99% Rate on Mortgage
By: Dawn Wotapka, Wall Street Journal, January 22, 2009
Toll Brothers just lowered the bar for the home building industry.
Horsham, Penn.-based Toll this week started offering a 3.99% fixed mortgage rate for loans $417,000 or below for 30 years with no points, one of -- if not the -- industry's lowest rates, one well below the national average of just below 5%.
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